Fpa Flexible Correlations

FFIAX Fund

USD 10.21 0.01 0.1%

The current 90-days correlation between Fpa Flexible Fixed and Pimco Corporate Income is -0.02 (i.e., Good diversification). The correlation of Fpa Flexible is a statistical measure of how it moves in relation to other instruments. This measure is expressed in what is known as the correlation coefficient, which ranges between -1 and +1. A correlation greater than 0.8 is generally described as strong, whereas a correlation less than 0.5 is generally considered weak. If the correlation is 0, the equities are not correlated; they are entirely random.

Fpa Flexible Correlation With Market

Good diversification

The correlation between Fpa Flexible Fixed and DJI is -0.03 (i.e., Good diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Fpa Flexible Fixed and DJI in the same portfolio, assuming nothing else is changed.

Check out Investing Opportunities to better understand how to build diversified portfolios, which includes a position in Fpa Flexible Fixed. Also, note that the market value of any mutual fund could be closely tied with the direction of predictive economic indicators such as signals in nation.

Moving together with Fpa Mutual Fund

0.98	FPFIX	Fpa Flexible Fixed	Pair Corr
0.98	FPNRX	Fpa New Income	Pair Corr
1.0	FPNIX	Fpa New Income	Pair Corr
0.76	BSIKX	Blackrock Strategic	Pair Corr
0.73	BSICX	Blackrock Strategic Opps	Pair Corr
0.72	BASIX	Blackrock Strategic Opps	Pair Corr
0.78	BSIIX	Blackrock Strategic	Pair Corr
0.78	JSORX	Jpmorgan Strategic Income	Pair Corr
0.76	JSOZX	Jpmorgan Strategic Income	Pair Corr
0.77	JSOCX	Jpmorgan Strategic Income	Pair Corr
0.77	JSOSX	Jpmorgan Strategic Income	Pair Corr
0.75	JSOAX	Jpmorgan Strategic Income	Pair Corr
0.71	PMZCX	Pimco Mortgage Oppor	Pair Corr
0.79	BTMPX	Ishares Msci Eafe	Pair Corr
0.79	BTMKX	Blackrock International	Pair Corr
0.79	MDIIX	Blackrock Intern Index	Pair Corr
0.76	GIOIX	Guggenheim Macro Opp	Pair Corr
0.75	FFLQX	Franklin Federal Lim	Pair Corr
0.65	VSGDX	Vanguard Short Term	Pair Corr
0.77	LIRRX	Lord Abbett International	Pair Corr
0.81	EMBAX	Unconstrained Emerging	Pair Corr
0.77	SGDLX	Sprott Gold Equity	Pair Corr
0.73	EBSFX	Eubel Brady Suttman	Pair Corr
0.66	EPDPX	Europac International	Pair Corr

Moving against Fpa Mutual Fund

0.46	QRSIX	Fpa Queens Road	Pair Corr
0.41	QRVLX	Queens Road Value	Pair Corr
0.4	QRSAX	Fpa Queens Road	Pair Corr
0.36	QRSVX	Queens Road Small	Pair Corr
0.57	RYMBX	Commodities Strategy	Pair Corr
0.53	MRCZX	Massmutual Retiresmart	Pair Corr

Related Correlations Analysis

	PTY	FFIAX	QRSAX	QRSIX	QRSVX	QRVLX	FPACX	FPCSX	FPFIX	FPFRX
PTY		0.57	0.39	0.35	0.42	0.24	0.75	0.77	0.56	0.76	PTY
FFIAX	0.57		-0.4	-0.46	-0.36	-0.41	0.1	0.13	0.98	0.12	FFIAX
QRSAX	0.39	-0.4		0.9	1.0	0.9	0.77	0.67	-0.42	0.77	QRSAX
QRSIX	0.35	-0.46	0.9		0.89	0.79	0.73	0.76	-0.48	0.72	QRSIX
QRSVX	0.42	-0.36	1.0	0.89		0.9	0.77	0.67	-0.38	0.78	QRSVX
QRVLX	0.24	-0.41	0.9	0.79	0.9		0.65	0.55	-0.43	0.65	QRVLX
FPACX	0.75	0.1	0.77	0.73	0.77	0.65		0.91	0.08	1.0	FPACX
FPCSX	0.77	0.13	0.67	0.76	0.67	0.55	0.91		0.12	0.9	FPCSX
FPFIX	0.56	0.98	-0.42	-0.48	-0.38	-0.43	0.08	0.12		0.1	FPFIX
FPFRX	0.76	0.12	0.77	0.72	0.78	0.65	1.0	0.9	0.1		FPFRX
	PTY	FFIAX	QRSAX	QRSIX	QRSVX	QRVLX	FPACX	FPCSX	FPFIX	FPFRX

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Correlation Matchups

Over a given time period, the two securities move together when the Correlation Coefficient is positive. Conversely, the two assets move in opposite directions when the Correlation Coefficient is negative. Determining your positions' relationship to each other is valuable for analyzing and projecting your portfolio's future expected return and risk.

High positive correlations

QRSVX	+ 1.0	QRSAX
FPFRX	+ 1.0	FPACX
FPFIX	+ 0.98	FFIAX
FPCSX	+ 0.91	FPACX
QRSIX	+ 0.9	QRSAX
QRVLX	+ 0.9	QRSAX

High negative correlations

FPFIX	- 0.48	QRSIX
QRSIX	- 0.46	FFIAX
FPFIX	- 0.43	QRVLX
FPFIX	- 0.42	QRSAX
QRVLX	- 0.41	FFIAX
QRSAX	- 0.4	FFIAX

Risk-Adjusted Indicators

There is a big difference between Fpa Mutual Fund performing well and Fpa Flexible Mutual Fund doing well as a business compared to the competition. There are so many exceptions to the norm that investors cannot definitively determine what's good or bad unless they analyze Fpa Flexible's multiple risk-adjusted performance indicators across the competitive landscape. These indicators are quantitative in nature and help investors forecast volatility and risk-adjusted expected returns across various positions.

	Mean Deviation	Jensen Alpha	Sortino Ratio	Treynor Ratio	Semi Deviation	Expected Shortfall	Potential Upside	Value @Risk	Maximum Drawdown
PTY	0.18	0.05	0.25	0.29	0.18	(0.21)	0.42	(0.34)	1.82
FFIAX	0.14	0.02	0.38	(3.74)	0.00	(0.20)	0.30	(0.20)	0.89
QRSAX	0.73	0.01	0.00	(0.04)	0.00	0.00	1.44	(1.57)	3.80
QRSIX	0.72	(0.05)	0.00	0.39	0.00	0.00	1.44	(1.57)	3.85
QRSVX	0.73	(0.05)	0.00	0.82	0.00	0.00	1.46	(1.59)	3.84
QRVLX	0.72	0.00	0.00	(0.05)	0.00	0.00	1.41	(1.71)	3.97
FPACX	0.47	0.02	0.07	(0.02)	0.64	(0.46)	0.92	(0.97)	2.89
FPCSX	0.45	(0.02)	0.00	0.18	0.00	0.00	0.89	(0.94)	2.92
FPFIX	0.15	0.02	0.40	1.37	0.00	(0.20)	0.39	(0.29)	0.80
FPFRX	0.48	(0.02)	0.00	0.31	0.00	0.00	0.89	(0.97)	2.89

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